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Lanesboro city, Minnesota Demographics & Population 2026

Very AffordableHome value to income ratio of 2.3x is exceptionally low

As of 2026, Lanesboro city, Minnesota has a total population of 804, the 399th largest city in Minnesota, with a median household income of $80,000, which is 9% lower than the state average. The poverty rate is 8.8%.

Key Takeaways

Lanesboro city Quick Facts

Population 804
Median Household Income $80,000
Median Home Value $186,900
Poverty Rate 8.8%
Unemployment Rate 1.5%
Median Age 47.1 years
Homeownership Rate 71.7%
Affordability Ratio 2.3x
Bachelor's Degree or Higher 43.2%
High School Graduation Rate 96.4%
Diversity Index 8/100
Population 804 399th of 913
Median Income $80,000 above average
Poverty Rate 8.8% 29% lower national
Median Home Value $186,900 average

How Lanesboro city Compares

Economy & Housing

Employment

1.5% Unemployment Rate State: 3.9% | National: 5.2%
61.0% Labor Force Participation

Housing Overview

Owner 71.7%
Renter 28.3%
Affordability Index Very Affordable
2.3x home value to income ratio

People & Demographics

Diversity Index

8out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Lanesboro city Rankings in Minnesota

#399 Population of 913
#287 Median Income of 913
#87 Education of 913
#364 Home Value of 913

Other Cities in Fillmore County

CityPopulationMedian IncomePovertyHome Value
Spring Valley city 2,357 $64,500 12.0% $149,100
Rushford city 1,790 $73,321 8.9% $203,200
Preston city 1,315 $60,438 13.5% $169,600
Harmony city 1,089 $65,536 9.1% $154,800
Mabel city 832 $67,500 5.7% $124,600
Rushford Village city 726 $92,500 5.4% $286,800
Fountain city 490 $72,750 5.9% $177,100
Canton city 409 $50,556 19.6% $88,400
Wykoff city 356 $66,375 13.1% $127,800
Ostrander city 323 $70,357 15.3% $141,400

Cities Similar to Lanesboro city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Holdingford city771$78,750$172,60016.3%6.4%
Kerkhoven city826$73,750$155,60013.5%11.3%
Freeport city827$87,396$214,60022.9%2.3%
West Concord city753$81,111$154,30018.6%16.1%
Adams city764$85,000$160,40037.5%5.5%

Population Overview

Lanesboro city is a small community located in Minnesota, within Fillmore County. The total population is 804. It ranks as the 399th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Lanesboro city is 47.1 years. This is 22% higher than the state median of 38.6 years. 11.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Lanesboro city is $80,000. This is 9% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 2% higher. The poverty rate stands at 8.8%. This is 4% lower than the state poverty rate of 9.2%. The unemployment rate is 1.5%. This is 62% lower than the state rate of 3.9%. The median home value is $186,900. Housing costs are 39% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.3x, Lanesboro city is one of the most affordable housing markets in the area. 71.7% of occupied housing units are owner-occupied.

Race & Ethnicity

Lanesboro city has a predominantly White (non-Hispanic) population, comprising 96.0% of all residents. Hispanic or Latino residents account for 1.2%. The Hispanic or Latino population (1.2%) is well below the state average of 6.2%.

Education

43.2% of residents aged 25 and older hold a bachelor's degree or higher. This places Lanesboro city in the top 10% of all cities in the state for educational attainment. This is 11% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.4%. Notably, 18.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lanesboro city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Lanesboro city, Minnesota?

Lanesboro city, Minnesota has a population of 804 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lanesboro city, MN?

The median household income in Lanesboro city is $80,000, which is 2% higher the national median of $78,538.

What is the poverty rate in Lanesboro city, MN?

The poverty rate in Lanesboro city is 8.8%. This means approximately 71 residents live below the federal poverty line.

What is the racial makeup of Lanesboro city, Minnesota?

Lanesboro city's population is 96.0% White, 0.0% Black, 1.2% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Lanesboro city, MN?

The median home value in Lanesboro city is $186,900. The home-value-to-income ratio is 2.3x.

How educated is Lanesboro city, Minnesota?

43.2% of adults (25+) in Lanesboro city hold a bachelor's degree or higher, and 18.2% hold a graduate or professional degree.